Amazon.com, Inc. $AMZN is Rakuten Investment Management Inc.’s 9th Largest Position

Rakuten Investment Management Inc. increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 647.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,483,366 shares of the e-commerce giant’s stock after acquiring an additional 1,284,910 shares during the period. Amazon.com makes up about 1.2% of Rakuten Investment Management Inc.’s portfolio, making the stock its 9th biggest holding. Rakuten Investment Management Inc.’s holdings in Amazon.com were worth $344,245,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AMZN. Norges Bank purchased a new position in shares of Amazon.com during the 4th quarter valued at about $32,868,735,000. Nuveen LLC purchased a new position in shares of Amazon.com during the 1st quarter valued at about $11,674,091,000. Cardano Risk Management B.V. raised its stake in shares of Amazon.com by 879.4% during the 4th quarter. Cardano Risk Management B.V. now owns 27,862,400 shares of the e-commerce giant’s stock valued at $6,431,199,000 after buying an additional 25,017,588 shares during the last quarter. Laurel Wealth Advisors LLC raised its stake in shares of Amazon.com by 22,085.8% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 12,177,557 shares of the e-commerce giant’s stock valued at $2,671,634,000 after buying an additional 12,122,668 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Amazon.com by 21.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant’s stock valued at $11,017,657,000 after buying an additional 10,176,835 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $246.00 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.18 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a twelve month low of $196.00 and a twelve month high of $278.56. The business has a 50-day moving average price of $254.94 and a 200 day moving average price of $233.91. The firm has a market cap of $2.65 trillion, a PE ratio of 29.43, a P/E/G ratio of 1.84 and a beta of 1.44.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share for the quarter, beating the consensus estimate of $1.63 by $1.15. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.The firm had revenue of $181.52 billion during the quarter, compared to analyst estimates of $177.28 billion. During the same quarter in the previous year, the business earned $1.59 EPS. Amazon.com’s revenue for the quarter was up 16.6% compared to the same quarter last year. Sell-side analysts predict that Amazon.com, Inc. will post 7.71 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP David Zapolsky sold 9,270 shares of Amazon.com stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $268.53, for a total value of $2,489,273.10. Following the sale, the senior vice president directly owned 41,190 shares in the company, valued at approximately $11,060,750.70. The trade was a 18.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 1,000 shares of Amazon.com stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $266.19, for a total value of $266,190.00. Following the completion of the sale, the chief executive officer owned 485,527 shares in the company, valued at approximately $129,242,432.13. The trade was a 0.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 195,774 shares of company stock worth $51,614,434 in the last quarter. 8.90% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on AMZN shares. Stifel Nicolaus set a $319.00 price objective on Amazon.com and gave the company a “buy” rating in a research note on Thursday, April 30th. Jefferies Financial Group reiterated a “market outperform” rating on shares of Amazon.com in a research note on Monday, June 1st. Bank of America lifted their price objective on Amazon.com from $298.00 to $310.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Evercore lifted their price objective on Amazon.com from $285.00 to $315.00 and gave the company an “outperform” rating in a research note on Thursday, April 30th. Finally, KeyCorp lifted their price objective on Amazon.com from $325.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Fifty-seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $312.78.

Key Amazon.com News

Here are the key news stories impacting Amazon.com this week:

• Positive Sentiment: Amazon Web Services is expanding its AI and cloud ecosystem, including a new collaboration that brings Dun & Bradstreet’s Commercial Graph into Amazon Quick to improve AI-driven sales, marketing, and finance workflows.
• Positive Sentiment: Amazon’s long-term growth story is being reinforced by continued AI infrastructure spending, including a multi-billion-dollar data center expansion in Missouri and broader capex plans that signal confidence in AWS demand.
• Positive Sentiment: Royal Bank of Canada reaffirmed its Buy rating on Amazon, and other recent commentary highlights Wall Street’s bullish view with significant upside still implied for AMZN.
• Positive Sentiment: Analysts and investors continue to point to Amazon’s strong fundamentals, including its recent earnings beat, solid revenue growth, and improving profitability, as reasons the stock can keep outperforming over time.
• Neutral Sentiment: Amazon is also getting attention from the space-investing theme, as some market commentary argues its Project Leo satellite network could become a long-term growth opportunity, though it is still early-stage and not a near-term earnings driver.
• Negative Sentiment: Reports say the FTC has drafted a complaint against Amazon over alleged misleading ad pricing and disclosures, which could lead to a lawsuit, settlement, or billions of dollars in civil penalties.
• Negative Sentiment: Some investor commentary also notes that Amazon has faced pressure from higher AI and infrastructure spending, which can weigh on near-term margins even if it supports longer-term growth.

Amazon.com Company Profile

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.